Score
SETFX
United Arab Emirates|5-10 years| http://setfx.ae/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Arab Emirates
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
Users who viewed SETFX also viewed..
MiTRADE
- 10-15 years |
- Regulated in Australia |
- Market Making(MM)
Vantage
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
GTCFX
- 10-15 years |
- Regulated in United Kingdom |
- Straight Through Processing(STP) |
- MT4 Full License
STARTRADER
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Website
setfx.ae
Server Location
Singapore
Website Domain Name
setfx.ae
Server IP
209.58.167.181
Company Summary
General Information
SETFX is allegedly a broker based in the United Arab Emirates, claiming to provide its clients with flexible leverage up to 1:500 and floating spreads on forex trading, as well as a choice of four different account types.
Market Instruments
From SETFX‘s name, we can easily get the information that it must offer forex trading, yet we have no way to find anything more specific about this broker’s trading instruments.
Account Types
There are four live trading accounts offered by SETFX, namely Micro, Standard, Mini and Professional. Opening a Micro account requires the minimum initial deposit amount of $100, while the other three account types with the much higher minimum initial capital requirements of $500, $1,000 and $10,000 respectively.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Micro, Standard or Professional account can experience the leverage of 100:1, while only the Mini account can enjoy the maximum leverage as high as 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads
According to the information revealed on the Internet, we found that SETFX provides its clients with the minimum spreads for EUR/USD pair of 2 pips.
Customer Support
SETFX‘s customer support can be reached through email: support@setfx.ae. However, this broker doesn’t disclose other more direct contact information like telephone numbers or company address while most brokers offer.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Content you want to comment
Please enter...
Review 1
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now